The government announced, following a meeting of the Parliament’s Plan and Budget Committee, Tuesday, to extend the deadline of a law granting Egyptian expatriates facilities of importing cars, for a further two months.
Last week, a draft law was submitted by MP Hisham Helal and 60 other MPs (more than a tenth of the number of parliamentary members), gathered to extend the deadline of facilities granted to Egyptian expatriates.
This is to import cars free of customs duty, MP Yasser Omar, Undersecretary of the Parliament’s Plan and Budget Committee, said.
The Minister of Parliamentary Affairs, Alaa Eddin Fouad, said during the meeting that the cabinet does not abject to extending the implementation of the law, pointing out that the cabinet has received requests from expatriates to extend the deadline of the law.
He also praised the amendment which allows the injection of foreign currency from abroad into the country.
Meanwhile, Sherif Farouk, Vice President of the Central Bank of Egypt, said the CBE welcomed the amendment as long as the law allows the injection of foreign currency from abroad into the country, demanding that the proposed amendment take into account the balance between two things.
Whatever is rewarding to Egyptian expatriates, as and to double the dollar proceeds coming from abroad.